|Filed Under:||Business & Finance / Economics|
|Posts on Regator:||2115|
|Posts / Week:||8.2|
|Archived Since:||June 7, 2008|
Click here to read my column in Sunday's NY Times.
Last month, I had the pleasure of hearing Christy Romer give a great talk about Japanese monetary policy at the NBER Macro Annual conference. You can now read it here.
In a recent blog post, Paul Krugman writes: As far as I know, among basic textbooks only Krugman/Wells even talks about the liquidity trap. This is probably a true statement. It is not that other books don't cover the topic, however....Show More Summary
...say two NY Fed economists.?
From Olivier Blanchard and Daniel Leigh.
Wisdom from David Romer.
They write: In the end, all the corrections advocated by the critics shift the average GDP growth for very-high-debt nations to 2.2 percent, from a negative 0.1 percent in Reinhart and Rogoff’s original work. The finding remains that economic growth is lower in very-high-debt countries (see chart). Show More Summary
Photo credit: JACOB BELCHER/HARVARD OFA
He and Michelle seem inattentive to their own finances: The Obamas paid $45,046 in mortgage interest in 2012, which appears from the disclosure statement to be at a 5.625% interest rate with Northern Trust. That suggests an outstanding principal balance of about $800,000. Show More Summary
Several people have asked me to comment on the coding error found in one of the Reinhart-Rogoff papers. I have avoided the topic, since I don't think I have a lot to add to the discussion. But because so many people have asked, here are a few observations:1. Show More Summary
Europe's Cap-and-Trade Scheme Failing Spectacularly
From Megan Amram, Tommy Amaker, and Larry Summers.
A student I know (specifically, my older son) is trying to collect some survey data. Click here if you are willing to participate. The survey will take about 15 minutes.
A performance not to be missed.
The IMF is holding a conference "Rethinking Macro" on April 16-17. You can watch a live webcast. Click here for information.
My Harvard colleague Raj Chetty has won the John Bates Clark Medal.
For information about submitting papers or registering, click here.